How Bitcoin Has Features Of Veblen Goods
Bitcoin Characteristics

How Bitcoin Has Features Of Veblen Goods

Watch “Bitcoin Is A Veblen Good” On YouTube. For most products and services, there is an inverse relationship between price and demand. That is, when the price goes up, demand goes down. However, for Veblen goods, there is a direct relationship between price and demand. When the price goes up, demand for that product goes up…